Bithumb Goes Global, QuadrigaCX Update: The Weekly Show

There have been a lot of developments on the cryptocurrency and foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) markets this past week. Finance Magnates joined BloxLive TV to discuss some of the key developments that took place for our segment The Weekly Show.

For those not aware, we have teamed up with the crypto and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term news network BloxLive TV to provide further analysis on some of the most interesting stories, as well as give our readers the option to consume news in a video format.

As the name suggests, each week, we meet with BloxLive TV to discuss some of the top stories that have taken place over the past week. We aim to provide a more in-depth insight into these issues as well as offer new perspectives, with the help of the BloxLive TV team.

Here’s what we discussed.

Bithumb Goes Global

After a slew of negative news from the crypto space, one piece of good news to be announced during the week was from Bithumb, which launched Bithumb Global, a digital asset trading exchange that is now in the open beta version.

It is now available in 15 jurisdictions including the UK, Canada, Australia, and Japan. The platform integrates multiple fiat currency trading pairs and also offers perpetual futures trading.

QuadrigaCX & Parent Companies Owe $359 Million

Ernst & Young, the court-appointed third-party auditor of QuadrigaCX, discovered a “material discrepancy” between Quadriga’s reported fiat and cryptocurrency holdings. Australian news source Miky reports that Ernst & Young have found out that the exchange has $21 million in assets while owing creditors $160 million

In other words, the exchange appears to have been in financial trouble even before its Chief Executive Officer passed away, taking access to clients’ funds with him to the grave.

BitLeague Launches Bitcoin Term Deposit

BitLeague announced this week that it has launched a Bitcoin term deposit product. The motivation of the product launch is to bring mainstream-like services in the crypto economy.

As announced at Consensus 2019, the term deposit will offer 9 percent annual interest with a lock-in period of 3 to 36 months.

Feel like you’re falling behind on the latest crypto and FX news? Never fear, you can watch the first edition of The Weekly Show here, where we discussed wash trading on Binance, SIX Exchange considering launching a token and CFTC mulling ETH futures.